All Capex (capital investment) articles
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Network & InfraSpanish government green lights Telefónica-led Gigafactory bid
Spanish government gives the go-ahead for public-private venture that will lead European AI Gigafactory project. Private shareholders include Telefónica, ACS, and Santander.
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M&AVodafoneThree networks chief: merger remedies more ‘asset’ than ‘burden’
Chief Network Officer Andrea Donà has framed strict regulatory remedies as an “engineer’s paradise” as the UK operator sets about its £7bn network integration programme.
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PeoplewatchFrance Peoplewatch: MásOrange CEO brought into ExCo fold; Utiq selects new chief
Latest senior and strategic people moves in the French telecoms and digital infra sectors, including a new CEO at telco adtech venture Utiq, MásOrange chief Meinrad Spenger joining the Orange Group Executive Committee, and Iliad CEO Thomas Reynaud retaining a seat on the Tele2 board.
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Financial & PerformanceBT hunts for further cuts
FY25–26: after delivering its first £3bn savings goal ahead of time, and kicking on with another immediately after, BT has now expanded the programme by £700m and given itself an extra year to hit the new target.
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Strategy & ChangeFrom danger zone to digital powerhouse: Kearney maps Europe’s path to telecom recovery
Analysis: Europe’s telecoms sector has built extensively but failed to monetise, risking stagnation without urgent structural intervention. Kearney’s comprehensive diagnostic guides on how regionalisation, network resilience, strategic private finance partnerships, and other remedies can revitalise the sector’s finances and the continent’s digital economy.
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Strategy & ChangeTelenor targets growth from digital infra in strategic reorg
The operator has performed a major reset of the group management team, with broader roles and a flatter structure.
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M&ABrazil’s Vivo eyes Oi enterprise unit — report
Vivo reportedly keen on hoovering up further Oi assets, helping to advance M&A-fuelled enterprise expansion. Divestment could mark the latest move in Oi’s long-running asset sell-off process…
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Financial & PerformanceDT delivering despite dollar drag
Q1 FY26 In-depth: Group just sneaks into growth on revenue and earnings, after results again diluted by past weakening of dollar.
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Financial & PerformanceDT ‘open’ to deploying more fibre firepower
Q1 FY26 Spend: Group execs face questions over whether slow-moving fibre build makes strategic sense.
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Financial & PerformanceIliad in bullish mood despite SFR talks dragging on
Q1 FY26: CEO hails a “good” first quarter for the group, in contrast to takeover target SFR. Expansion of AION Gigafactory consortium also highlighted…
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Financial & PerformanceVodafone’s Vi stake diluted further as Indian operator nets injection
Group exposure reduced yet again as promotor peer Aditya Birla Group injects $500m, just as Vi claims to turn a corner.
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Financial & Performance‘Invest or die’ at Vodacom, Vodafone keeps things flexible
FY25–26 Spend: Vodacom CEO Shameel Joosub sees no need for nuance in justifying capex plans; Vodafone’s Margherita Della Valle is more measured as capital intensity programme builds in flexibility and future investment even as network outlay tapers in key markets.
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Financial & PerformanceHelios plans extra $70m of infra spend amid MEA data boom
Buoyant tower group enlarges capex budget for this year off the back of “broad-based” uptick in demand for tenancies from its Middle East and Africa MNO clients.
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Financial & PerformanceVi secures government dues breather as attention turns to infra investment
Vodafone-backed Indian operator confirms AGR liabilities slashed by a quarter to ease debt burden and offer some relief for the challenged MNO as it invests in significant 4G/5G expansion.
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PeoplewatchDT poaches Allianz exec to lead domestic IT refit
Operator snags insurance giant’s Head of Global Enterprise & IT Architecture to lead high pressure, AI-infused transformation efforts at its German business…
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Financial & PerformanceDT ups the intensity to maintain momentum
FY25: DT’s divisional leaders are being pressured to maintain progress on spend efficiency and commercial impact as the Group seeks to keep its business ‘flywheel’ spinning in an uncertain and challenging macro and market environment.
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Financial & PerformanceDT FY25 spend: capex lid kept tight amid macro and market murk
Group evidently remains micro-focused on cost efficiency across opex and capex, with continued belief in potential of AI and caution on fibre spend.
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Financial & PerformanceTelefónica FY25 spend: Group eyes ‘big year’ on savings
With building blocks now in place for much of Telefónica’s multi-billion-euro ‘totex’ reduction plan, execs promise ‘significant’ progress on savings drive in FY26…
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Financial & PerformanceTelefónica FY25 guidance: cutting towards growth
Telefónica’s progress on spend efficiency enables execs to lay out a faster-than-anticipated uptick in free cash flow during FY26…
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Financial & PerformanceTelefónica FY25 in-depth: Transform & Grow to-do list remains long
Group maintains growth across FY25, but underneath headline numbers reports another mixed performance across ‘core’ quad of European OBs and Vivo, with Brazil and Spain in growth but Germany and UK searching for revival.